GOVERNOR, Central Bank of Nigeria, Mr. Lamido Sanusi, said in Tokyo on Sunday that the bank would soon stop selling cash to bureaux de change. He said, “Seventy per cent of the dollars that people buy from bureaux de change are not for transactions outside Nigeria. They move dollars from […]
Tag: Central Bank of Nigeria
CBN to release guidelines for banking crisis resolution
The Central Bank of Nigeria has said it will take practical steps to prevent another crisis in the banking sector. It has, therefore, announced plan to release a comprehensive framework for the resolution of banking crisis. The Deputy Governor, Financial Systems Stability, CBN, Mr. Kingsley Moghalu, said at a forum […]
CBN returns N5bn illegal bank charges to customers
The Central Bank of Nigeria has said that it has recovered and returned to customers a total of N5bn wrongfully taken from depositors by banks operating in the country. It also said it would focus on the protection of consumers of products being brought to the market by banks over […]
